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China’s Credit Growth Accelerated in September

Chongqing, China.

Chongqing, China.

Photographer: Qilai Shen/Bloomberg
Updated on

China’s credit growth continued to accelerate in September, with an expected seasonal increase boosted by faster bond issuance and easier monetary policy.

Aggregate financing was 2.27 trillion yuan ($321 billion) last month, compared to about 1.98 trillion yuan in August, the People’s Bank of China said Friday. The median estimate by economists was 1.9 trillion yuan. The central bank added exchange-traded asset-backed securities based on corporate bonds to the data from September, the PBOC said in a statement.